Jack Mayer, Life Insurance Broker

Answer: I am a life insurance broker/agent and I have been licensed since 1984. I will be happy to take your call. Reach out to me and I will answer all your questions and provide help.

Answer: Original Mortgage Protection is not available any longer. It was promoted by banks that would pay off the balance remaining on the loan, the lender was the beneficiary and the loan gets paid upon the borrowers death. Those plans were not transferable. Those plans are no longer available. Today mortgage protection can be had by getting a term life for the length of the loan if available or if preferred and the beneficiary would be the homeowner and upon the individuals death the proceeds are paid to the beneficiary, typically a spouse and the survivor pays the loan. The face amount never decreases and it is portable.

Answer: The policy pays on the second death of the two insureds. Those policies are always less expensive because it pays on the second death.

Answer: If it is for the purpose of getting a Medicare health plan then I typically ask for the Medicare MBI card, List of Doctors, Specialist, preferred pharmacy and Medications. Also if you have a representative such as a POW then you need to bring that person into the mix.

Answer: It doesn't because insurance companies are required to be able to have the overwhelming capacity to meet policyholder obligations with fixed life insurance products. As far as indexed universal life, interest sensitive whole life and Variable life plans, the carriers investment portfolio has nothing to do with how your policy performs because those policies mirror or are tied into the stock market and there are caps and minimums with no potential for market volatility just safety.

Answer: The life insurance proceeds will not go to a minor until they are 18 so if possible set up a trust and have the life insurance proceeds pour into that trust.

Answer: Not sure what your asking here, Veterans can buy life insurance through VALife up to $40,000 available to any service connected veteran. VGLI for recently discharged Vets and S-VDI for service disabled veterans. These programs are administered by the VA not available outside the market place. all this said and done, just because you are a vet does not mean you will get better rates than outside the VA. Important to compare

Answer: Life insurance is only subject to probate if the beneficiary is the estate of the insured. Otherwise the answer is no.

Answer: It's a free rider where if you become terminally ill and your physician says you have 12 months or less of mortality then you can accelerate or take your life insurance early, typically 90 to 100 percent of your face amount

Answer: Any whole life policy up 139k is fine according to MediCal. Many beneficiaries get small policies to pay for a final expense when a death occurs. These plans are simplified issue and affordable. I actually worked in the funeral industry so I tailor plans to meet the expense associated with dying. You have to do this in advance of your untimely death.

Answer: Contact Jack Mayer, and I will be able to assist you and answer all your questions. Term life would be the answer here, but many people, depending on their age and health, cannot qualify. You need to speak to an agent who can assist you and speak to any writer to see how you may come in for an application if it is even taken.

Answer: Term life is insurance that does not have any value as far as cash value is concerned. So you have ordinary lie versus term life. An individual can secure a bigger policy if they qualify and they can for a permanent policy when it comes to getting coverage but the caveat is is that at some point your term policy will and most cases most people do outlive term life. Permanent insurance is for your whole life and you could actually probably compare term life to a universal life policy and that would give you an affordable option for permanent life insurance but it still will be more than a term policy

Answer: It depends on how long ago you had your cancer or your medical issues there are variable factors. But there are guaranteed whole Life policies up to 25,000 or you would be fully covered after two years and there are simplified issue whole Life policies that ask a few health questions if you're interested in learning more of his contact me

Answer: You don't unless the owner of the policy discloses that information to you, typically when you take out a policy you choose your beneficiary or beneficiaries at that time and your beneficiaries don't even need to know that you chose them as beneficials of your policy. But you cannot call the company and ask they won't tell you anything

Answer: That's a good question. Insurance companies evaluate applicants, it's called risk evaluation and insurance companies can rate your policy up or decline your application. It's always best to be fully upfront with the insurance agent so you don't waste your own time for the agents

Answer: Typically when a carrier requires a life insurance exam expect it to be at their cost, arranged by carrier or agent with an independent lab company who gathers all the necessary information and documentation. They will usually draw a sample of blood, urine and a basic exam including current treatments, past treatments and physician information. After that your blood panel is completed along with the urine specimen which will help the underwriter assess the risk for the carrier.

Answer: Contact me., and we can discuss that. There are too many underlying factors, including medical history, advocacy, risk, and type of plan chosen.

Answer: Negative, they due not do a credit check. Life insurance companies do not do that to determine if you qualify.

Answer: It is offered by the agent to show how the breakdown of your plan works. It shows the face amount, premium and how many years before it ends if assuming its term. All other types life insurance such as whole life/permanent life including universal life etc., will show cash value, surrender value and typically the plans are set up for your whole life.

Answer: Call an agent and they can discuss that with you or get hold of me and we can talk when ready to go over all those options.

Answer: Typically group life insurance is offered by your employer and once you leave your job its over and you must find another option. The best option is to take what they offer and pick up another life insurance plan independently so that if you move on voluntarily or not you still have protection.

Answer: Go to the DOI in your state and put in their license number and it will tell you if he is an active agent. Agents must put their license number on cards and illustrations including emails.

Answer: You can only have so much cash value in a life insurance policy and if it exceeds that then it becomes an investment not life insurance. Its a 7 year test that the IRS states must pass in order to be a life insurance contract.

Answer: As a broker I represent many top rated carriers and I can shop them all to determine which is most favorable in price, flexibility and financial stability along with excellent customer service. These are the factors I look at, not always the cheapest but always the best choice in value and integrity.